- The relationship between the state and taxpayers in regards to taxes is changing
- Taxpayers have historically self-assessed their taxes and the state verifies the accuracy
- The increasing complexity of tax systems and advancements in technology are changing this
- The state is now more likely to levy and assess taxes, allowing taxpayers to perform post-assessment controls
- This shift is most evident in indirect levies, particularly value added tax (VAT) systems
- Tax authorities have invested in new tools and introduced continuous transaction control (CTC) mandates
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
